Which of the Following Is True of a Business Strategy

question 61

Multiple Choice

Which of the following is true of a business strategy?

• A) It addresses which businesses the organization will be in and how resources will be allocated among those.
• B) It is also known as a grand strategy.
• C) It is wider in scope than a corporate strategy.
• D) It consists of growth, stability, diversification, or concentration strategies.
• E) It generally applies to a single business unit.

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Definitions:

Throughput

The rate at which input is processed into output in a system, often used in discussing efficiency in production and computer networks.

Systems Theory

An interdisciplinary study of systems in general, with the goal of elucidating principles that can be applied to all types of systems at all nested levels.

Empirically

Referring to knowledge or conclusions derived from observation, experimentation, or measurement rather than theory or pure logic.

Organizing

The act of arranging or structuring elements in a systematic way for efficiency and order.